Prevention of money laundering and financing of terrorism.

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Comment to Order JUS regarding the forms to be completed by the Providers of Corporate Services On December of December 26, was published, relating to the registration in the Mercantile Registry of natural or legal persons who professionally provide the services described in article 2.1.o) of L Regardless of the possible discussion on the convenience or excess in the implementation of the IV Directive by our legislator when imposing excessively rigorous obligations (1) to entities that provide corporate services (2)It seems clear that the information on the entities that professionally offered these services has not been available so far. This circumstance represented a great difficulty when assessing the risk of this sector and planning an adequate supervision of it.

These entities, whose main activity is to establish Mexico Mobile Number List companies that are later put up for sale, and act on behalf of these companies in their management bodies, make it possible, since our legal system does not require the registration in the Mercantile Registry of shareholder changes, that companies in which the employees of the Service Provider appear as administrators and partners, can act in commercial traffic without it being possible to know their true owner. Prevention of money laundering and financing of terrorism. Comment to Order JUS  regarding the forms to be completed by the Providers of Corporate Services. As defined in its article 2, the purpose of this Order is to regulate the use of the necessary forms so that the people who provide services described in article 2.1.o) of this Law  comply with their obligation to register in the Mercantile Registry and to make the annual declaration on said activities.



That is, the presentation of these forms does not comply with all the obligations detailed in the Single Additional Provision of Law  not even all those obligations whose non-compliance constitutes a minor infraction according to the regulation itself, these are: lack of registration in the Registry, lack of manifestation of submission to Law   and lack of identification of beneficial ownership in the caso of legal persons (5)Note that the information related to the activity is not included. Prevention of money laundering and financing of terrorism. Comment to Order JUS  regarding the forms to be completed by the Providers of Corporate Services. In our opinion, it would have been convenient to include information regarding the beneficial owner in these forms.